Rongsheng Petrochemical (China) Price on December 29, 2023

002493 Stock   9.22  0.15  1.65%   
Below is the normalized historical share price chart for Rongsheng Petrochemical Co extending back to November 02, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Rongsheng Petrochemical stands at 9.22, as last reported on the 25th of December, with the highest price reaching 9.23 and the lowest price hitting 9.07 during the day.
IPO Date
2nd of November 2010
200 Day MA
9.8063
50 Day MA
9.5662
Beta
1.025
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Rongsheng Stock, it is important to understand the factors that can impact its price. At this point, Rongsheng Petrochemical is somewhat reliable. Rongsheng Petrochemical maintains Sharpe Ratio (i.e., Efficiency) of 0.0054, which implies the firm had a 0.0054% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Rongsheng Petrochemical, which you can use to evaluate the volatility of the company. Please check Rongsheng Petrochemical's Coefficient Of Variation of 999.54, risk adjusted performance of 0.0864, and Semi Deviation of 1.96 to confirm if the risk estimate we provide is consistent with the expected return of 0.0116%.
  
At present, Rongsheng Petrochemical's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 393.7 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 9 B. . Rongsheng Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0054

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Estimated Market Risk

 2.13
  actual daily
18
82% of assets are more volatile

Expected Return

 0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.01
  actual daily
0
Most of other assets perform better
Based on monthly moving average Rongsheng Petrochemical is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Rongsheng Petrochemical by adding Rongsheng Petrochemical to a well-diversified portfolio.
Price Book
2.0945
Enterprise Value Ebitda
23.0763
Price Sales
0.2818
Shares Float
2.2 B
Dividend Share
0.1

Rongsheng Petrochemical Valuation on December 29, 2023

It is possible to determine the worth of Rongsheng Petrochemical on a given historical date. On December 29, 2023 Rongsheng was worth 10.22 at the beginning of the trading date compared to the closed value of 10.25. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rongsheng Petrochemical stock. Still, in general, we apply an absolute valuation method to find Rongsheng Petrochemical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Rongsheng Petrochemical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rongsheng Petrochemical's related companies.
 Open High Low Close Volume
  10.02    10.30    9.95    10.23    26,916,029  
12/29/2023
  10.22    10.30    10.14    10.25    26,835,330  
  10.27    10.28    10.15    10.16    20,354,721  
Backtest Rongsheng Petrochemical  |  Rongsheng Petrochemical History  |  Rongsheng Petrochemical Valuation   PreviousNext  
Open Value
10.22
10.25
Closing Value
16.62
Upside

Rongsheng Petrochemical Trading Date Momentum on December 29, 2023

On January 02 2024 Rongsheng Petrochemical Co was traded for  10.16  at the closing time. The highest price during the trading period was 10.28  and the lowest recorded bid was listed for  10.15 . The volume for the day was 20.4 M. This history from January 2, 2024 contributed to the next trading day price decline. The daily price change to the next closing price was 0.88% . The trading delta at closing time to the current price is 0.29% .

Rongsheng Petrochemical Fundamentals Correlations and Trends

By evaluating Rongsheng Petrochemical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Rongsheng Petrochemical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rongsheng financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Rongsheng Petrochemical Stock history

Rongsheng Petrochemical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Rongsheng is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rongsheng Petrochemical will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Rongsheng Petrochemical stock prices may prove useful in developing a viable investing in Rongsheng Petrochemical
Last ReportedProjected for Next Year
Common Stock Shares Outstanding9.7 BB
Net Income Applicable To Common Shares3.8 B2.7 B

Rongsheng Petrochemical Stock Technical Analysis

Rongsheng Petrochemical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Rongsheng Petrochemical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Rongsheng Petrochemical trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Rongsheng Petrochemical Period Price Range

Low
December 25, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Rongsheng Petrochemical Co cannot be verified against its exchange. Please verify the symbol is currently traded on Shenzhen Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Rongsheng Petrochemical December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Rongsheng Petrochemical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rongsheng Petrochemical shares will generate the highest return on investment. By undertsting and applying Rongsheng Petrochemical stock market strength indicators, traders can identify Rongsheng Petrochemical Co entry and exit signals to maximize returns

Rongsheng Petrochemical Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Rongsheng Petrochemical's price direction in advance. Along with the technical and fundamental analysis of Rongsheng Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rongsheng to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Rongsheng Stock analysis

When running Rongsheng Petrochemical's price analysis, check to measure Rongsheng Petrochemical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rongsheng Petrochemical is operating at the current time. Most of Rongsheng Petrochemical's value examination focuses on studying past and present price action to predict the probability of Rongsheng Petrochemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rongsheng Petrochemical's price. Additionally, you may evaluate how the addition of Rongsheng Petrochemical to your portfolios can decrease your overall portfolio volatility.
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